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245
Gamuda Berhad (29579-T) • Annual Report 2012
45. Capital management (cont’d.)
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Loans and borrowings
2,182,341
1,949,659
1,509,742
1,295,422
Less : Cash and bank balances
(1,337,355)
(1,048,968)
(128,442)
(71,706)
Net debt
844,986
900,691
1,381,300
1,223,716
Equity attributable to the owners of the parent
4,048,032
3,686,565
2,697,810
2,607,141
Non-controlling interests
220,839
200,341
-
-
Total capital
4,268,871
3,886,906
2,696,810
2,607,141
Gearing ratio
20%
23%
51%
47%
46. Segment information
The Group reporting is organised and managed in three major business units. The segments are organised and
managed to the nature of products and services, specific expertise and technologies requirements, which requires
different business and marketing strategies. The reportable segments are summarised as follows:
(i)
Engineering and construction - the construction of highways and bridges, airfield facilities, railway, water
treatment plants, dams, general and trading services related to construction activities;
(ii)
Property development and club operations - the development of residential and commercial properties and
club operations; and
(iii)
Water and expressway concessions - the management of water supply and the management and tolling of
highway operations.
Except as indicated above, no operating segments has been aggregated to form the above reportable operating
segments.
The Group’s chief operating decision maker monitors the operating results of its business segments separately for
the purpose of making decisions about resource allocation and performance assessment. Segment performance is
evaluated based on operating profit or loss which, in certain respects as explained in the table below, is measured
differently from operating profit or loss in the consolidated financial statements.
Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions with
third parties.
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012